D10 - Household Behavior: GeneralReturn

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Financial Crises and Previous Lax Interest of Theorists

Petr Marek

Český finanční a účetní časopis 2008(4):104-107 | DOI: 10.18267/j.cfuc.296

The article disputes against analysis of R. W. Bostic and K. O. Lee concentrated on federal homeownership strategy for building among low- and moderate-income families in the U.S.A. Authors find out emergency which is coming from new and more sophisticated mortgages However, in conclusion, they built on support from Fannie Mae and Freddie Mac. Both these institutions were put under the conservatorship on September, 2008.